Amtex Limited has reported a return to profitability for the nine-month period ended March 31, 2026, driven by strong revenue growth and improved operational performance.
According to the company’s financial results, net sales increased by 34% to Rs2.44 billion during the nine months of FY26, compared to Rs1.82 billion in the corresponding period last year. Gross profit rose significantly to Rs286.8 million from Rs179.1 million, reflecting improved business activity and better cost absorption.
The textile manufacturer posted a profit after tax of Rs10.01 million for the nine-month period, reversing a loss of Rs93.65 million recorded in the same period of the previous year. Earnings per share (EPS) stood at Rs0.04, compared to a loss per share of Rs0.36 a year earlier.
Despite the improvement in cumulative earnings, the company reported a net loss of Rs60.92 million for the quarter ended March 31, 2026, compared with a loss of Rs62.61 million in the corresponding quarter last year. Quarterly revenue increased to Rs659.1 million from Rs400.6 million, while gross profit climbed to Rs18.3 million from Rs65.8 million.
Other operating income also contributed positively, reaching Rs27.8 million during the nine-month period. Meanwhile, finance costs declined substantially to Rs73.9 million from Rs111.5 million in the same period last year, supporting the company’s turnaround efforts.
Amtex’s cash position strengthened during the period, with cash and bank balances rising to Rs185.1 million as of March 31, 2026, compared with Rs92.0 million at the end of June 2025. Net cash generated from operating activities amounted to Rs139.7 million, a marked improvement from a net cash outflow of Rs83.3 million in the corresponding period last year.
The board of directors did not recommend any cash dividend, bonus shares, or right shares for the period under review.
In addition to the profit recorded during the period, the company recognized other comprehensive income of Rs82.75 million arising from the revaluation surplus on property, plant and equipment, resulting in total comprehensive income of Rs92.76 million for the nine months ended March 31, 2026.
